Private industrial zones for Sri Lanka - News Summed Up

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Private industrial zones for Sri Lanka

The lack of ‘public goods’, including - industrial land, roads, water, waste disposal have been identified as constraints to investment in Sri Lanka. Sri Lanka has 10 export processing zones (EPZs) and two industrial parks (IPs) - all of which are government owned and managed. Industrial zones offer easy access to land – but all the 12 zones are full. Policy environment and fiscal incentivesPolicies in Sri Lanka are driven by short-term political considerations - which cause uncertainty. A logistics and industrial zone is being developed in Hambantota with Chinese investment, while Rojana Corporation of Thailand, a joint venture with Nippon Steel and Sumikin Bussan Corporation of Japan, is setting up an industrial zone in Kalutara.

Source: Sunday Observer January 05, 2019 19:59 UTC